Hello fellow traders,
I'd like to share my analysis of the Nifty charts for educational purposes. Based on the chart, here's my understanding:
- If the price reaches primary support, it may bounce back to primary resistance, and vice versa.
- If the price breaks above primary resistance and retests it, it could target secondary resistance. A pullback from secondary resistance might lead it back to primary resistance.
- Conversely, if the price breaches primary support, it may head towards secondary support and potentially rebound back to primary support.
Remember to always use stop-loss and consider EMA 20 for identifying potential price retracements.
Wishing you a successful trading session tomorrow!
Best regards
I'd like to share my analysis of the Nifty charts for educational purposes. Based on the chart, here's my understanding:
- If the price reaches primary support, it may bounce back to primary resistance, and vice versa.
- If the price breaks above primary resistance and retests it, it could target secondary resistance. A pullback from secondary resistance might lead it back to primary resistance.
- Conversely, if the price breaches primary support, it may head towards secondary support and potentially rebound back to primary support.
Remember to always use stop-loss and consider EMA 20 for identifying potential price retracements.
Wishing you a successful trading session tomorrow!
Best regards
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.